Popular Post Doc31 Posted March 3, 2011 Popular Post Report Share Posted March 3, 2011 Currency Auctions Announcement No. (1847) The latest daily currency auction was held in the Central Bank of Iraq on the 3-MAR-2011. The results were as follows: DetailsNotesNumber of banks17 Auction price selling dinar / US$1170 Auction price buying dinar / US$----- Amount sold at auction price (US$)156,289,000 Amount purchased at Auction price (US$)----- Total offers for buying (US$)156,289,000 Total offers for selling (US$)----- Exchange rates Dollar's exchange rates / in Baghdad markets Oil ... can you say wow! ... getting tough at the pump though, isn't it ... I'm seeing more and more motorcycles every day. Gold ... it already made it's move and is running in a $10 channel presently ... that is not to say that craziness won't drive it either way drastically. Go look at the 10 yr chart and the insanity is obvious. Silver ... yesterdays post sparked a nice discussion on fear/speculation driving prices vs. ground availability and deep mining ... industrial consumption ... etc Zeroes ... near ... but another "big gulp" day with the cash portion at 2.889M of the 156.289M or 1.848% with 17 banks participating on moderate volume. Folks keep asking me if this is the "perfect storm" ... it is obviously the setup for it ... whether or not al-Maliki and Shabbibi tag-team it through this time is information beyond my pay grade! I had something that I was going to write this morning and I'm going to switch right here. I've told you that I have no embeds/key officials/UN/IMF/banking/etc sources and that the info that I've gotten was always 15th hand or worse. Of late ... much has been 3rd or 4th hand ... I know ... odd, right?! I didn't share it with anyone because I had no way to corroborate it except with time. As I realized that it was generally "on" except when there was something unexpected from M ... I began to share it with a close few. Then they began to see what I was seeing ... 2 or 3 sources saying related things from entirely different areas. When I give out that info I always tell them "you know that I don't know and that we won't be able to corroborate it until after the fact ... but I was told ... " You know ... that should have been enough ... but when it doesn't unfold as we were told ... I feel like the boy who cried wolf. Most of you have figured out ... that isn't me. And it troubles me. Where I live is the second hardest hit county in the nation regarding the economy ... things are awful ... everyone is hurting ... everyone knows someone who has lost a home, filed for bankruptcy, about to lose a home, car, credit rating, etc. or is on the move, move, move (yep, that's what I mean). The ones I know that have IQD are holding onto the hope that it will be timely and change all of that for them. One of my "insiders" told me yesterday that he now understands why I don't tell another "insider" that he knows everything that I tell him ... that the guy he knows NEEDS this too badly and gets on the roller-coaster and gets a bit depressed when IT doesn't happen. Now why did I tell you this? Glad you asked! It seems that everyone that I know that has IQD has some sort of "down-line" ... no I don't mean that it is a multi-level marketing situation ... just that you told someone and they bought IQD and now turn to you as the source for their info ... yep. Simply put ... keep your own counsel ... be careful who you tell ANYTHING ... I promise your reputation will be much better if you are silent ... but irrespective of that ... disappointment can be devastating to those with economic woes. You know that I don't rate or date ... but in the future I will be muzzling myself even more to make sure that inadvertently I don't PUT folks on the roller-coaster! OK ... I told on myself so that you won't make the same mistakes. I discussed yesterday how I am troubled over al-Maliki not taking responsibility ... that asking for the resignation of governors/etc and asking for the POWER to fire MP's that he believes aren't doing their jobs tips the power sharing arrangement squarely into his hands because it destroys the checks and balances of a democratic republic. The same afternoon the parliament is making noises like they will grant him this request ... you can stop calling him Prime Minister and go with something much more authoritarian! This is big ... Central Bank: six banks had introduced electronic clearing A good friend pointed out something to me that apparently we were both paying attention to ... that is the number of articles regarding corruption ... An international report: Iraq ranked third spread of financial corruption Now don't get me wrong ... I can't rag on al-Maliki regarding his participation (Mr. Hotel owner among many) and then be against cleaning it up ... that isn't the issue ... it has to be dealt with ... they got used to the "rigged one arm bandit" that the US provided ... pull the lever and money falls out ... no accounting ... STOP. Yes, it has to be stopped and cleaned up ... should have long ago ... my issue with M is his stalwart refusal to take responsibility for any of it including his own involvement. Pure and simple ... if we dismiss his reported involvement ... it was ALL on his watch! Here's a start ... Parliamentary integrity Commission is preparing to revise all concessions granted to deputies and Cabinet members since 2004 Here's hoping ... IMO the article is too dreamy though ... looks to be a sort of soothing presentation in front of tomorrow's protest ... Behind Iraq's protests, a call for better democracy That's all the time that I have ... sorry I went on so long ... hopefully, it will help you keep your friends feet on the ground and off of the roller-coaster. Peace Doc31 21 1 Link to comment Share on other sites More sharing options...
HYDRANT Posted March 3, 2011 Report Share Posted March 3, 2011 THANKS DOC FOR THE INFO 1 Link to comment Share on other sites More sharing options...
GreginTexas Posted March 3, 2011 Report Share Posted March 3, 2011 Thanks Doc -- and you are right about the down line or followers. I told everyone that would listen. Believing this is a gift from God. Now I have the responsibility of Staying on the rollercoaster and telling them about the ride. That part I could do without. Great info and perspective always from you Doc keep it up if you can. Benjamin Franklin declared that being a pessimist had a distinct advantage ... that he was rarely disappointed and that when on that occasion when something went well he was pleasantly surprised! <BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break">GreginTexas 1 Link to comment Share on other sites More sharing options...
Darin Posted March 3, 2011 Report Share Posted March 3, 2011 Interesting thing about crude rising... I believe the reason the UK is not able to donate or provide food anymore is due to that. I can't recall the name of the program, but I just heard it on the radio this morning in a news blurp. So, when you think about it, a M.E. country who makes, 90-95% of their revenue off of crude, is probably thinking to themselves "Sweet!!! We're rolling in the dough!" But they fail to realize it is likely hurting their people. I am sure they realize it, but they are to greedy to quickly act... I noticed locally, that the prices at the pump is moving up faster in relation to the price of crude being traded... Just last week I filled up on I believe $2.97/gallon. Now I am seeing $3.44.. Talk about a big JUMP! To the Article about 6 banks introduce electronic clearing... I believe it'll be available to all banks by June.. Interesting huh? Also, read an article that Iran is going to be setting up banks in Iraq.. Scary..... Reading that the indicative rates on the CBI are updating sooner.Maybe the IT guy of CBI knows that the world is watching and figures to update them sooner so people can go to bed? Who knows, right? I recall about 2 weeks ago, it took about 3:30 AM CST, but now it seems to be closer to 2 AM CST that the indicative rates update. Thanks Doc -- and you are right about the down line or followers. I told everyone that would listen. Believing this is a gift from God. Now I have the responsibility of Staying on the rollercoaster and telling them about the ride. That part I could do without. Great info and perspective always from you Doc keep it up if you can. Benjamin Franklin declared that being a pessimist had a distinct advantage ... that he was rarely disappointed and that when on that occasion when something went well he was pleasantly surprised! <BR style="mso-special-character: line-break"><BR style="mso-special-character: line-break">GreginTexas Knowing about this potential investment is a gift & a curse. There are roughly 3 channels to look at 1) You inform nobody about the IQD. The RV pops, family & friends hound you why you never introduced them to the investment. 2) You inform several people (friends/family) & they invest.. The RV never pops, while they all continuously hound you for information, question your judgment, and so forth. 3) You inform several people (friends/family) & they don't invest.. The RV pops, family & friends are full of envy for not going along for the ride & are actually mad you didn't push them harder to invest. The only way..... We'll luck out in this deal is if 2 things happen.. 1) We invest, tell no one, & it never comes to fruition (This is depressing) 2) We invest, tell all friends & family, they invest as well & it pops. Its hard to keep this quiet, so we're all hoping & praying for the #2 situatoin where it pops and friends/family are invested (But there will still be some distant friends/family still upset...) 3 Link to comment Share on other sites More sharing options...
joy1716 Posted March 3, 2011 Report Share Posted March 3, 2011 thanks Doc I look forward to your post each and every morning.no roller coaster for me but a big high Gods Blessings Link to comment Share on other sites More sharing options...
Kandi77 Posted March 3, 2011 Report Share Posted March 3, 2011 Thanks for your Hard Work Doc!! Link to comment Share on other sites More sharing options...
Anita Posted March 3, 2011 Report Share Posted March 3, 2011 Thank you Doc. You are speaking from my heart.... Link to comment Share on other sites More sharing options...
puff26 Posted March 3, 2011 Report Share Posted March 3, 2011 HEY DOC, THANKS FOR SHARING, YOU ARE RIGHT ON...I would love to get off this ride. Link to comment Share on other sites More sharing options...
mlay901 Posted March 3, 2011 Report Share Posted March 3, 2011 Thanks Doc! Link to comment Share on other sites More sharing options...
Mack0121 Posted March 3, 2011 Report Share Posted March 3, 2011 Thanks for the post, Doc. Link to comment Share on other sites More sharing options...
roux Posted March 3, 2011 Report Share Posted March 3, 2011 Thank you so m uch. Link to comment Share on other sites More sharing options...
codeman Posted March 3, 2011 Report Share Posted March 3, 2011 Thank You Link to comment Share on other sites More sharing options...
R2d2dc Posted March 3, 2011 Report Share Posted March 3, 2011 Thank you as always Doc Link to comment Share on other sites More sharing options...
caz1104 Posted March 3, 2011 Report Share Posted March 3, 2011 Doc,EXCELLENT POST!.............................................................GO RV 2011 BABY!!!!!!! Link to comment Share on other sites More sharing options...
graml Posted March 3, 2011 Report Share Posted March 3, 2011 This is probably one of the best posts ever. Says a lot about this ride we are all on. Thanks Doc. Link to comment Share on other sites More sharing options...
geoyachtsus Posted March 3, 2011 Report Share Posted March 3, 2011 alqwaysa pleasure to read yuour posts doc.Thx Link to comment Share on other sites More sharing options...
ronbo Posted March 3, 2011 Report Share Posted March 3, 2011 THANKS DOC. . . FOR PUTTING INTO A CONCISELY STATED POSTING THE VERY THING MOST OF US HAVE BEEN EXPERIENCING. INITIALLY, I WANTED TO TELL ALL MY FAMILY AND FRIENDS AND DID TELL A GREAT MANY. ALL BUT 3 TOLD ME THE IQD INVESTMENT WAS A SCAM. OF THE THREE WHO INVESTED, ONE IS STILL GUNG-HO NO MATTER WHAT THE NEWS MAY BE, ONE INVESTED FUNDS HE SHOULD HAVE KEPT TO MEET HIS SHORT TERM CASH NEEDS, AND ONE IS AS NERVOUS AS A MOUSE ON A CAT FARM, CONSTANTLY GOING UP EMOTIONALLY AND THEN CRASHING AS THINGS DON'T POP AS THE PUMPERS PROMISE. I APPRECIATE YOUR INPUT AS YOU ARE ONE OF THE MOST STABLE AND REALISTIC OF THOSE WHO COMMENT REGULARLY. I DIRECT EVERYONE TO YOUR POST EACH DAY. THANKS, RONBO Link to comment Share on other sites More sharing options...
wildinar Posted March 3, 2011 Report Share Posted March 3, 2011 Thanks Doc Link to comment Share on other sites More sharing options...
S and K Posted March 3, 2011 Report Share Posted March 3, 2011 I have to agree, one of the best posts ever! Thanks. Link to comment Share on other sites More sharing options...
BW3 Posted March 3, 2011 Report Share Posted March 3, 2011 NO WORRIES MATE!! AND NOT TO WORRY ITS ONLY YOUR OPINION!! SO IF OTHERS GET MAD.... TUFF TOOTIES!!!! BLAME IS A VICTIM statement!! MY Dad always told me... "SON, ITS NEVER OUTSIDE OF YOUR SELF"... meaning what you feel and beleive on matters and thoughts are yours ONLY within your own brain.... GREAT GUY!!! AND MY OTHER FAVORITE... "BE AWARE OF THE OBVIOUS " I PERSONALLY LOVE YOUR OPINION AND POSTS!! THANK YOU SIR!!! People always Expect, rather than be calm and appreciate what they have even if it is little.... BE HAPPY PEOPLE, if anything for FREE AIR... for now....jkjkjkjk GO RV!!!!!!!!!!!!!!!!!!!! 3 Link to comment Share on other sites More sharing options...
4Horsn2 Posted March 3, 2011 Report Share Posted March 3, 2011 Good afternoon, Doc. Just a quick thanks for all the time you put in...a great part of being involved with this group is the number of great members that are present. Thanks again, 4Horsn2 Link to comment Share on other sites More sharing options...
Doc31 Posted March 3, 2011 Author Report Share Posted March 3, 2011 Gold on the decline since HongKong open ... off $8 from this morning! 1 Link to comment Share on other sites More sharing options...
BW3 Posted March 3, 2011 Report Share Posted March 3, 2011 Gold on the decline since HongKong open ... off $8 from this morning! Hey Doc, quick question for ya?? After the RV, do you think the GOLD and Silver will be Countercyclical & drop?? I have not played with metals yet!! Thanks again & I appreciate your opinion!! Link to comment Share on other sites More sharing options...
Doc31 Posted March 3, 2011 Author Report Share Posted March 3, 2011 Hey Doc, quick question for ya?? After the RV, do you think the GOLD and Silver will be Countercyclical & drop?? I have not played with metals yet!! Thanks again & I appreciate your opinion!! IMO that would depend on whether or not the REPORTED IQD that the US govt has is in the FED or the Treasury ... "W" made it clear that this war would pay for itself ... okay ... the only way that works is for it to be in the treasury ... in that case the USD will be on steroids and the relationship between the USD vs Gold/Silver will indeed be anti or countercyclic. i.e. gold might still be high against the yen or the swiss franc (or some other currency depending upon how much IQD that their govts purchased) but significantly lower against the USD . Find a chart of gold against the big currencies and you will see that at times different currencies have done better than the others but NONE are doing well. Peace Doc31 2 Link to comment Share on other sites More sharing options...
Doc31 Posted March 4, 2011 Author Report Share Posted March 4, 2011 Link to comment Share on other sites More sharing options...
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